Property Summary: 581 Lansdowne Avenue
Section 1: Overview & Appeal
This one-storey home on a spacious lot in Inkster-Faraday presents a practical and affordable entry point into Winnipeg’s housing market. Its key characteristic is balance: while the 806 sqft living area is modest, it sits on a larger-than-average lot for the neighbourhood (4,855 sqft), offering valuable outdoor space and future potential. The home’s assessed value is notably above average for the immediate area, suggesting it may be in better condition or offer more value than many nearby properties. A renovated basement adds functional living space.
The appeal lies in its efficiency and lot size. It suits first-time buyers or practical investors looking for a lower-maintenance, single-level layout without sacrificing yard space. It’s a home for those who prioritize a solid foundation and location over square footage, seeing value in the land and the opportunity to personalize over time. A thoughtful perspective is that, for its era (built 1946), it is a relatively newer home in an established neighbourhood, potentially meaning fewer concerns associated with very early 20th-century construction.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
The living area is compact at 806 sqft, which is below average for the street, neighbourhood, and city. This indicates a efficient, likely cozy layout, with the renovated basement providing additional usable space.
2. Is the assessed value high for the area?
Yes. The assessed value ranks in the top 26% for the Inkster-Faraday neighbourhood, meaning it is assessed higher than most comparable homes nearby. This can sometimes reflect updates, condition, or desirable lot attributes.
3. What is the significance of the lot size?
The lot is a standout feature at 4,855 sqft, ranking in the top 13% for the neighbourhood. This provides ample private outdoor space, which is less common in the area, and could allow for expansions, gardening, or additions subject to zoning.
4. What can recent sale history tell us?
The home sold in late 2017 for an estimated $21.5k-$24.5k. This historical price point confirms its long-standing position as an affordable property. For context, a very similar neighbour (561 Lansdowne) is listed for reference.
5. Who are the typical neighbours?
The immediate neighbours on Lansdowne Avenue are homes of a similar vintage and scale, creating a consistent streetscape. The "similar assessed value" list includes properties across various neighbourhoods, highlighting that this home’s official valuation is comparable to some in areas like Westdale and Elmhurst.